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India's GDP has surged by 77% over the past decade, reaching $4.3 trillion and positioning the country to surpass Japan in 2025 and Germany by 2027. This growth is attributed to the leadership of Prime Minister Narendra Modi and his government's economic reforms, making India the fastest-growing major economy.In contrast, China experienced a 74% GDP growth, increasing to $19.5 trillion, but has faced challenges that hindered its earlier projections of overtaking the U.S. as the largest economy.
Elon Musk's recent Pentagon visit, initially reported as a briefing on potential war with China, was later clarified to be unclassified. Despite denials from Defense Secretary Pete Hegseth and President Trump, scrutiny arose over Musk's access to sensitive information, given his significant business ties to China, including Tesla's Gigafactory in Shanghai and SpaceX's government contracts totaling $38 billion. Musk has expressed positive views on China, emphasizing his vested interests in the country.
Xpeng has launched its first self-branded EV supercharging station in Hong Kong, marking its expansion beyond mainland China. Located at Convention Square in Wan Chai, the station offers charging speeds of up to 360 KW, exceeding Tesla’s 250 KW superchargers. The initiative aims to enhance ultra-fast charging technology in Hong Kong, with plans for further expansion into Southeast Asia as EV adoption increases.
Meituan reported a 20% increase in quarterly revenue, reaching 88.5 billion yuan (US$12.2 billion) for Q4 2024, surpassing analysts' expectations. The company achieved a net income of 6.2 billion yuan (US$854.96 million), driven by its core restaurant delivery service amid rising competition.To combat domestic market challenges, Meituan is expanding internationally with its Keeta app, which has gained traction in Hong Kong and Saudi Arabia, reaching one million weekly active users by January 2025. The company is also investing in grocery retail, live-streaming, and drone technology, although analysts anticipate losses from these ventures as it focuses on growth and innovation.
Elon Musk's business ties to China have raised concerns amid his role in the Trump administration, particularly regarding potential conflicts of interest. Despite scrutiny, Musk has praised China's workforce and economic growth, while opposing U.S.-China economic decoupling. His comments on sensitive military matters and the Taiwan dispute have further fueled debate about his influence on U.S. policy.
Huawei has launched the Pura X, its first foldable smartphone running HarmonyOS, aiming to compete with iOS and Android. Priced at approximately $1,037, the device features a 6.3-inch display when unfolded and a compact 3.5-inch screen when closed. This move marks Huawei's significant step away from reliance on Google's Android following US sanctions.
HSBC is negotiating to sell its German fund administration unit to BlackFin Capital Partners for approximately €400 billion ($435.16 billion). This move is part of a broader restructuring led by CEO Georges Elhedery, aimed at reducing costs and streamlining operations, including significant job cuts and business simplifications. The bank has also recently sold its private client trust business and is focusing on growth in Asia.
Novo Nordisk A/S focuses on the design, manufacture, and marketing of pharmaceutical products, with 93.6% of sales from diabetes and obesity treatments and 6.4% from rare disease therapies. Geographically, sales are distributed as follows: 20.8% in Europe-Middle East-Africa, 57.6% in the United States, 3.7% in North America, 6.4% in China, and 11.5% in other regions.
Bank of America's chief investment strategist, Michael Hartnett, noted a significant surge in equity inflows, with U.S. stocks seeing $34.1 billion last week, indicating a lack of belief in a trade war-induced recession. As tariffs are set to rise, gold and bonds are viewed as safer investments, while European and Chinese equities are gaining traction amid declining U.S. sentiment.
Elon Musk visited the Pentagon, where he met with defense officials amid scrutiny over potential conflicts of interest due to his companies' contracts with the defense department. Reports suggesting he would be briefed on a "China war plan" were denied by both Trump and Defense Secretary Pete Hegseth, who clarified the meeting focused on innovation and efficiencies.
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India's GDP growth positions it to surpass Japan and Germany by 2027
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Xpeng opens first supercharger station in Hong Kong expanding EV infrastructure
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meituan reports 20 percent revenue growth amid competitive challenges and expansion efforts
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Elon Musk's business ties to China raise concerns over U S policy
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hsbc negotiates sale of german fund administration unit to blackfin capital
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Novo Nordisk maintains strong market position in diabetes and rare disease treatments
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record equity inflows suggest optimism despite trade war concerns
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Elon Musk visits Pentagon amid scrutiny over defense contracts and media reports
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